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Ministries asked to cut spending by 40 percent

RIGA - As it continues to work on 2009 budget amendments in efforts to cut back on spending, the Lat

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IMF talks break down amid budget failures

RIGA - A 200 million euro loan installment has been withheld after negotiations between the Latvian

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Stimulus package takes shape

VILNIUS - The Minister for Economy announced on April 3 that the business sector is set to receive 8

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Estonia might need to adopt second negative budget

The new spring forecast presented by the Estonian Ministry of Finance does not paint an optimistic p

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Government unsure about IMF

Following suggestions by economic analysts that the government should approach the International Mon

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Another billion euros needed for Latvia

RIGA - Prime Minister Valdis Dombrovskis has announced that Latvia may need another 1 billion euros

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Government slashes budget

VILNIUS - Following the Lithuanian prime minister's declaration that the country's economy is in fre

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Ansip denies promising euro adoption by 2010

TALLINN - Prime Minister of Estonia Andrus Ansip has denied pledging transition to euro currency by

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Current account deficit plummets

VILNIUS - New statistics from Lithuania's Central Bank have shown that Lithuania's current account d

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Estonian business see huge profit drop

TALLINN - A recent report released by the Estonian national statistics agency has found that profits

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